08
Apr
18:56
Costlier iron ore not seen benefiting EAF mills
Higher iron ore prices are unlikely to harm blast furnace-based mills’ competitiveness versus scrap-based EAF competitors, while US-China trade negotiations are likely to drag on. This was the conclusion of the International Rebar Exporters and Producers Association (Irepas) traders committee.
A US-China agreement is unlikely to be reached anytime soon, as China will not bow to US demands that are “…not easy to swallow,” commit…
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Anonymous
Very good overview of the weekly steel market.
Anonymous